Renowned crypto analyst Doctor Profit has made a bold prediction, declaring that there will be no altseason in the current cycle. Known for his accurate market forecasts, Doctor Profit has shifted his strategy to a bearish stance on altcoins, shorting 100 different altcoins with a total exposure of $1 million. He likens the current altcoin market to the dot-com bubble, describing it as a collection of "trashy penny stocks." Doctor Profit's latest report suggests that the altcoin market is in a multi-year bear trend, with prices reverting to levels not seen since 2020. He argues that approximately 90% of the market is in a structural downtrend, with no apparent catalyst for reversal. The analyst also noted that the October 2025 liquidity event marked the last significant market movement, leaving behind "bleeding bags" and trapped liquidity.